Veeco Instruments Inc reports results for the quarter ended in June - Earnings Summary

Veeco Instruments

08/08/2022 23:05

* Veeco Instruments Inc  VECO.OQ  reported quarterly
adjusted
earnings of 35 cents​​ per share for the quarter ended in June.
The mean expectation of six analysts for the quarter was
for earnings of 29 cents per share.
    * Revenue rose 12.1% to $164.00 million from a year ago;
analysts
expected $160.82 million. 
    * Veeco Instruments Inc's reported EPS for the quarter was
18
cents​.
    * The mean earnings estimate of analysts had fallen by
about 15.7%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Veeco Instruments Inc shares had risen by 14.3% this
quarter and
lost 22.1% so far this year.
    * The company reported quarterly net income of $10.93
million.
    * Wall Street's median 12-month price target for Veeco
Instruments
Inc is $35.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data August 8
at 10:05 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.29           0.35           Beat
 Mar. 31 2022      0.35           0.38           Beat
 Dec. 31 2021      0.37           0.43           Beat
 Sep. 30 2021      0.35           0.40           Beat